New products and changes introduced over the last week include the addition of 401(k) enrollment capability to John Hancock Retirement Plan Services’ mobile app. Also, MetLife announced a portable individual dental benefit.
Here are the latest developments of interest to advisors:
1) John Hancock Adds 401(k) Enrollment Capability to Mobile App
John Hancock Retirement Plan Services announced that employees of John Hancock Total Retirement Solutions clients can now use the MyLifeNow mobile app to enroll in their 401(k) plan and adjust contributions.
The addition of mobile enrollment allows employees to do much more than sign up for their retirement plan. They can also increase pretax or after-tax contributions, and they can view their account balances, personal rate of return and investment allocations.
2) MetLife Adds Portable Individual Dental Benefit
MetLife announced that its portable individual dental benefit, MetLife TakeAlong Dental, has been receiving approvals from state insurance departments and will be available in the marketplace the first quarter of 2016.
Unlike many individual dental offerings that only feature a percentage discount card or provide very limited coverage and networks, TakeAlong Dental will provide covered services similar to group plans, including the same network of prescreened providers, online access and claims handling that are available to all of MetLife’s group benefits customers.